Primorye's car market crashes as luxury prices plummet by 40%

The car market in Primorye is experiencing a sharp downturn. Prices for both imported and domestic vehicles are falling across multiple segments. Luxury models, in particular, are seeing steep reductions in asking prices. Owners of high-end cars have slashed prices by 20–40% to attract buyers. A Mercedes-Benz G-Class in the region now costs far less than before. The trend extends to mid-range European models, with hatchbacks and station wagons also dropping in price.

Importing cars from abroad has become more affordable. Savings on imports can reach 20–30% due to favourable exchange rates. In some cases, ordering a car from Japan or China is now cheaper than buying the same model in Vladivostok.

Japanese cars remain in demand, helping them retain their value better than other brands. Chinese models, however, face lower resale prices due to lingering trust issues. Vehicles already brought into the country are selling poorly as exchange rate shifts make them less competitive. The slump has led to notable price cuts, especially in the luxury market. Buyers can now find better deals on both new imports and existing stock. The situation reflects broader economic pressures affecting the region’s car trade.